In a Duopoly, If One Firm Increases Its Price, Then

question 154

Multiple Choice

In a duopoly, if one firm increases its price, then the other firm can

• A) keep its price constant and thus increase its market share.
• B) keep its price constant and thus decrease its market share.
• C) increase its price and thus increase its market share.
• D) decrease its price and thus decrease its market share.

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Definitions:

Strategic Control

The process of monitoring and adjusting an organization's strategy to ensure desired outcomes are achieved.

Exportive IHRM

Relates to the practices and strategies employed by multinational corporations to transfer their home country's human resource management policies and practices to their operations in other countries.

HRM Systems

Human Resource Management Systems; technology-based solutions that assist in managing an organization's human resource functions, such as recruitment, payroll, performance management, and more.

Strategic International HRM

Human resources management issues, functions, policies, and practices that result from the strategic activities of multinational enterprises and that affect the international concerns and goals of those enterprises.